Sharekhan is bullish on Amara Raja Batteries has recommended buy rating on the stock with a target price of Rs 696 in its research report dated May 25, 2023.
Traders are advised to book profits hereon as there could be a sharp corrective move in the coming weeks. On the downside, the immediate support is at 18,060, and a breach of the same might result in further profit-booking.
Cyient has formed long bullish candle on the daily scale with above average volumes, with making higher tops higher bottoms formation for third consecutive session. The stock jumped 4.6 percent to end at record closing high of Rs 1,287.
Net Sales are expected to increase by 20.3 percent Y-o-Y (down 0.5 percent Q-o-Q) to Rs. 2,622.8 crore, according to Motilal Oswal.
Greenpanel Industries surged 14 percent to Rs 312.5, the highest closing level since January 31 this year. The stock has formed large bullish candlestick pattern on the daily charts with significantly higher volumes and also there was an expansion of Bollinger band on both sides.
Despite being in flee mode for most part of the last calendar year, foreign investors remained buyers in some new-age firms in the December quarter
ITC has been in a strong uptrend since February last year and after a brief consolidation of 2 months, the stock looks ready for the next upmove.
KEI Industries shares gained nearly 3 percent to end at record closing high of Rs 1,661 and formed bullish candle on the daily timeframe with long upper and lower shadows, with above average volumes. It has seen higher high higher low formation for fourth consecutive session.
Anand Rathi is bullish on Amara Raja Batteries has recommended buy rating on the stock with a target price of Rs 819 in its research report dated January 27, 2023.
Emkay Global Financial recommended hold rating on Amara Raja Batteries with a target price of Rs 575 in its research report dated January 26, 2023.
Sharekhan is bullish on Amara Raja Batteries has recommended buy rating on the stock with a target price of Rs 696 in its research report dated January 25, 2023.
Incentives are expected in the forthcoming budget to bring down the acquisition cost of EVs and widen their adoption
Sharekhan is bullish on Amara Raja Batteries has recommended buy rating on the stock with a target price of Rs 756 in its research report dated December 16, 2022.
At close, the Sensex was down 215.68 points at 62,410. Nifty declined 82.30 points to 18,560
The company intends to invest Rs 9,500 crore in the region over the next 10 years
Investors have been waiting for private sector capex to return for nearly a decade. Santo believes we have enough evidence now that the capex cycle is here but CJ worries if the momentum will continue. Watch as the duo assess the capex story in India plus share their thoughts on Delhivery, Amara Raja Batteries and Gland Pharma.
Sharekhan is bullish on Amara Raja Batteries has recommended buy rating on the stock with a target price of Rs 629 in its research report dated November 03, 2022.
Emkay Global Financial recommended hold rating on Amara Raja Batteries with a target price of Rs 550 in its research report dated November 04, 2022.
Net profit stood at Rs 201.22 crore for the quarter ended September, led by strong operating performance